Marion IN Multi Family for Sale

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Type:
Triplex
Sq.Ft.:
n/a
Status:
Active
Beds:
4
Lot size:
0.1 Acres
Year built:
1900
Baths:
3.00
MLS#:
202441518

ADDITIONAL INFORMATION

Great investment opportunity located on a corner lot just blocks away from Indiana Wesleyan University! All 3 units are rented bringing in a monthly gross revenue of $1450. Downstairs includes a one bedroom and a two bedroom unit. Upstairs has a one bedroom unit that has been completely remodeled. Property has a new roof, new windows, new plumbing, and new exterior work all done this year.

Type:
Cluster
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Lot size:
1 Acres
Year built:
1973
Baths:
MLS#:
22006156
Subdivision:
No Subdivision

ADDITIONAL INFORMATION

This well-maintained property offers an excellent investment opportunity in a serene country setting with established, long-term tenants providing steady income from day one. All tenants are on month-to-month leases, allowing flexibility for new ownership decisions. Low property taxes help keep costs manageable, while strong rental demand ensures high returns. The peaceful rural environment is a retreat for tenants, maintaining strong occupancy rates, while the convenient location provides easy access to Marion and major highways like IN-9, IN-37, IN-26, and IN-35 for a balanced mix of seclusion and accessibility. Whether you're a seasoned investor or just starting out, this property presents an ideal opportunity for reliable income with growth potential. Schedule a showing today!

Type:
Fourplex
Sq.Ft.:
n/a
Status:
Active
Beds:
4
Lot size:
0.13 Acres
Year built:
1910
Baths:
4.00
MLS#:
202439616

ADDITIONAL INFORMATION

4 Unit apartment house, 1 unit currently rented. All units have equipped kitchens, all are 1 bedroom units, 5 electric meters, seller pays for water, trash, heating and cooling, tenant pays for electricity for their unit. One car garage and storage unit is not currently used to ayone at this time.

Type:
Duplex
Sq.Ft.:
n/a
Status:
Active
Beds:
2
Lot size:
0.14 Acres
Year built:
1920
Baths:
2.00
MLS#:
202428346

ADDITIONAL INFORMATION

This one story duplex also has a 2 car detached garage off the alleyway. There are 2 CenterPoint Energy Gas Company meters and tenants pays own heat. There is one (1) American Electric Power meter and one (1) water meter; with the owner paying the electricity and water/sewer/trash combined bill. Unit # 1 has lived there about 4 years and Unit # 2, 2 years. Unit 2 has had a bathroom refresh with new vanity/sink/faucets, also new vinyl, rubber backed flooring. Kitchen is getting a fresh coat of paint on the cabinets and walls. New flooring to be installed. Unit # 1 has new kitchen flooring.

Type:
Duplex
Sq.Ft.:
n/a
Status:
Active
Beds:
4
Lot size:
0.12 Acres
Year built:
1910
Baths:
2.00
MLS#:
202422133

ADDITIONAL INFORMATION

This duplex has 2 bedrooms on the main level and also on the upper units. Main level has laundry hook up. Per previous MLS Sheet, proper3ty has newer roof, furnace and guttering. There is 1 meter for gas, electric and water. Owner pays all utilities. Both units are occupied. Main level rent is $850/monthly and 2nd level rent is $1000/monthly. Both units are part of the TBRA Program for rental assistance.

Type:
Duplex
Sq.Ft.:
n/a
Status:
Active
Beds:
4
Lot size:
0.16 Acres
Year built:
1905
Baths:
2.00
MLS#:
202422055

ADDITIONAL INFORMATION

This duplex has long time tenants on both sides. North side is a Section 8 (HUD) renter. Both units have 2 large bedrooms and large living room. Partial unfinished basement. Owner pays water/sewer/trash. 2 gas meters and 2 electric meters. 24 hour notice to show.

Type:
Duplex
Sq.Ft.:
n/a
Status:
Active
Beds:
3
Lot size:
0.74 Acres
Year built:
1910
Baths:
2.00
MLS#:
202333278

ADDITIONAL INFORMATION

DUPLEX ! Great Investment ! Lots Of Storage Space And Built In Cabinet Space ! Beautiful Original Hardwood Floors Throughout The Home ! French Doors That Lead To A Great Size Dinning Room Or Could Be Used For An Office !! Upstairs Offers Vinyl Flooring With Built Ins Through Out ! Large Living Room Area !! With Some TLC This Could Be A Great Investment Opportunity !! Both units are rented !!

Type:
Duplex
Sq.Ft.:
n/a
Status:
Active
Beds:
4
Lot size:
0.17 Acres
Year built:
1897
Baths:
2.00
MLS#:
202241664

ADDITIONAL INFORMATION

This Is A Great Investment Opportunity Close To Downtown Marion And Walking Distance To The YMCA ! Apartment A Has 2 Bedrooms Could Be Used As 3 or Office And 1 Bath, Unfinished Basement ! Beautiful Hardwood Floors Through Out The House, New Countertops, New Flooring In The Kitchen, Gorgeous French Doors ! Washer and Dryer Hook Up, Appliances Remain, Electric Stove, Refrigerator, Gas-Furnace, Electric Water Heater and Central Air ! Apartment B Has 1 Bedroom, 1 Bath, Refrigerator, Electric- Stove, Gas Furnace, Electric Water Heater ! Apartment B Has A Long Time Tenant - Rents for $400 A Month, Apartment A Is Rented $500.

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Albert Wright Page, License RB14038157, Xome Inc., License RC51300094, [email protected], 844-400-XOME (9663), 4471 North Billman Estates, Shelbyville, IN 46176


Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX information provided by the Indiana Regional MLS. Copyright 2024 Indiana Regional MLS. All rights reserved.

Albert Wright Page, License RB14038157, Xome Inc., License RC51300094, [email protected], 844-400-XOME (9663), 4471 North Billman Estates, Shelbyville, IN 46176

The information is being provided by Metropolitan Indianapolis Board of REALTORS®. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. © 2024 Metropolitan Indianapolis Board of REALTORS®. All Rights Reserved.




Marion Real Estate

The median home value in Marion, IN is $145,000. This is higher than the county median home value of $117,700. The national median home value is $338,100. The average price of homes sold in Marion, IN is $145,000. Approximately 48.25% of Marion homes are owned, compared to 35.16% rented, while 16.59% are vacant. Marion real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Marion real estate agent to arrange a tour today!

Marion, Indiana has a population of 27,757. Marion is less family-centric than the surrounding county with 19.63% of the households containing married families with children. The county average for households married with children is 26.04%.

The median household income in Marion, Indiana is $37,835. The median household income for the surrounding county is $50,009 compared to the national median of $69,021. The median age of people living in Marion is 36.6 years.

Marion Weather

The average high temperature in July is 84.3 degrees, with an average low temperature in January of 17.5 degrees. The average rainfall is approximately 40.6 inches per year, with 26.8 inches of snow per year.

Marion Real Estate Market Conditions

  • Median sales price

    $145,000
    10.5% change since last quarter
  • # Active listings

    155
    30-day change

Marion Schools and Demographics

Education near Marion, IN

Metric City County
High School Graduates 83.64 88.29
College Degree - 2 year 6.19 9.85
College Degree - 4 year 16.59 19.56
Graduate Degree 6.11 6.58
Expenditures per Student 12,304 12,304
Students per Teacher 16 16

Elementary Schools near Marion, IN

School Grades Students P/T Ratio ZIP
Allen Elementary School KG - 04 387 16.8 46952
Dr Robert H Faulkner Academy KG - 06 150 17.2 46952
Early Childhood Center PK - PK 24 24 46953
Eastbrook North Elementary School KG - 06 324 18 46991
Frances Slocum Elementary School KG - 04 359 15.6 46953
John W Kendall Elementary School KG - 04 409 17.8 46952
Marion Early Childhood Ed Cntr PK - PK 75 8.3 46952
Riverview Elementary School KG - 04 356 16.9 46952
Sweetser Elementary School 03 - 04 240 16 46987

Middle Schools near Marion, IN

School Grades Students P/T Ratio ZIP
Eastbrook Junior High School 07 - 08 264 12.6 46953
John L McCulloch Junior High School 07 - 08 561 17.5 46953
Justice Thurgood Marshall Intrmd 05 - 06 544 16 46952
Lafontaine Elementary School 06 - 06 181 9.8 46940

High Schools near Marion, IN

School Grades Students P/T Ratio ZIP
Eastbrook High School 09 - 12 524 14.8 46953
Marion High School 09 - 12 1,029 17.7 46953

Ungraded Schools near Marion, IN

School Grades Students P/T Ratio ZIP
Tucker Area VOC Tech Cntr. PK - 12 0 46952

Demographics near Marion, IN

Metric City County
Neighborhood Type Suburban
Population 27,757 66,802
Population Density 1,781 161
Median Age 36.6 40.2
People per Household 2.2 2.3
Median Household Income 37,835 50,009
Average Income per Capita 21,126 25,500